Tag Archives: visual charting
Visual charting is plagued by confirmation bias and ambiguous reward-risk. Traders need more objective ways of identifying setups and calculating reward-risk than visual analysis of charts, which rarely works.
Another indicator of market tops surfaced yesterday: When the 10-day correlation between the S&P 500 and VIX is positive, then this indicates a price top. The problem is that this does not work in practice unless one is just a … Continue reading